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Bookkeeping & Write-up

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  4. What is an accounts receivable aging schedule ?

What is an accounts receivable aging schedule ?

An aging schedule is a table of accounts receivable broken down into number of day ranges (age categories) such as 0-30 days = 1 month, 30-60 days = 2 months, and 60-90 days = 3 months, The aging schedule is used to determine if customer payments are keeping close to schedule or late or possible uncollectable.

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